Grandeur Peak Global Advisors LLC Has $392,000 Stake in Klaviyo, Inc. (NYSE:KVYO)

Grandeur Peak Global Advisors LLC decreased its stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 55.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,514 shares of the company's stock after selling 11,646 shares during the period. Grandeur Peak Global Advisors LLC's holdings in Klaviyo were worth $392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KVYO. Sierra Summit Advisors LLC bought a new position in shares of Klaviyo in the 4th quarter valued at about $7,952,000. Russell Investments Group Ltd. bought a new stake in Klaviyo in the fourth quarter valued at approximately $686,000. Wells Fargo & Company MN boosted its stake in shares of Klaviyo by 45.2% during the 4th quarter. Wells Fargo & Company MN now owns 6,171 shares of the company's stock worth $254,000 after acquiring an additional 1,920 shares during the period. Bryce Point Capital LLC acquired a new position in shares of Klaviyo during the 4th quarter worth approximately $877,000. Finally, Geode Capital Management LLC raised its stake in Klaviyo by 12.2% in the 4th quarter. Geode Capital Management LLC now owns 882,460 shares of the company's stock valued at $36,409,000 after acquiring an additional 96,274 shares during the period. Institutional investors own 45.43% of the company's stock.

Insiders Place Their Bets

In other news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $45.85, for a total value of $687,750.00. Following the completion of the sale, the chief financial officer now owns 376,820 shares in the company, valued at $17,277,197. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Stephen Eric Rowland sold 7,060 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $26.66, for a total transaction of $188,219.60. Following the transaction, the president now directly owns 447,310 shares in the company, valued at approximately $11,925,284.60. This represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,088,770 shares of company stock worth $67,947,356. 53.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on KVYO. William Blair reiterated an "outperform" rating on shares of Klaviyo in a report on Thursday, February 20th. Canaccord Genuity Group boosted their price objective on Klaviyo from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Wells Fargo & Company lowered their target price on Klaviyo from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 20th. Citigroup upped their price objective on Klaviyo from $39.00 to $48.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Finally, Loop Capital upped their price target on shares of Klaviyo from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $47.89.

Klaviyo Trading Down 1.0 %

NYSE:KVYO traded down $0.26 during mid-day trading on Friday, hitting $25.70. 1,945,564 shares of the company's stock were exchanged, compared to its average volume of 1,294,828. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $49.55. The company has a 50 day simple moving average of $34.87 and a 200-day simple moving average of $38.09. The firm has a market capitalization of $7.02 billion, a P/E ratio of -142.75 and a beta of 1.39.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The company had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. As a group, analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Klaviyo Profile

Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers Klaviyo, a cloud-native platform for data store, segmentation engine, campaigns and flows, and messaging infrastructure.